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Independence Advisors Portfolio holdings

AUM $466M
1-Year Est. Return 11.32%
This Fund
S&P 500
This Quarter Est. Return
-10.84%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$301M
AUM Growth
-$35.1M
Cap. Flow
+$2.76M
Cap. Flow %
0.92%
Top 10 Hldgs %
72.24%
Holding
98
New
5
Increased
21
Reduced
42
Closed
10

Top Buys

Rank Stock Value
1
MUB icon
iShares National Muni Bond ETF
MUB
+$3.51M
2
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$2.64M
3
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$2.46M
4
IVW icon
iShares S&P 500 Growth ETF
IVW
+$2.44M
5
EFV icon
iShares MSCI EAFE Value ETF
EFV
+$2.3M

Top Sells

Rank Stock Value
1
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$4.66M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$4M
3
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$3.37M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$2.64M
5
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$1.3M

Sector Composition

Rank Sector Weight
1 Miscellaneous 89.71%
2 Healthcare 1.75%
3 Consumer Discretionary 1.6%
4 Technology 1.51%
5 Financials 1.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTV icon
1
Vanguard Morningstar Value ETF
VTV
$192B
$35.6M 11.83%
363,105
-38,038
-9% -$4M
IWF icon
2
iShares Russell 1000 Growth ETF
IWF
$125B
$34.3M 11.41%
1,048,808
-36,776
-3% -$1.3M
VUG icon
3
Vanguard Morningstar Growth ETF
VUG
$226B
$33.4M 11.11%
1,492,764
-52,950
-3% -$1.28M
EFA icon
4
iShares MSCI EAFE ETF
EFA
$78.9B
$30.2M 10.04%
513,489
-2,118
-0.4% -$132K
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.5B
$25M 8.3%
307,027
+10,977
+4% +$879K
SUB icon
6
iShares Short-Term National Muni Bond ETF
SUB
$11.6B
$14.5M 4.83%
137,951
-44,545
-24% -$4.66M
IVW icon
7
iShares S&P 500 Growth ETF
IVW
$76.5B
$13.5M 4.51%
359,704
+60,200
+20% +$2.44M
IWD icon
8
iShares Russell 1000 Value ETF
IWD
$83.4B
$13.3M 4.42%
119,715
+5,752
+5% +$689K
EFV icon
9
iShares MSCI EAFE Value ETF
EFV
$32B
$8.87M 2.95%
196,188
+47,652
+32% +$2.3M
MUB icon
10
iShares National Muni Bond ETF
MUB
$44.8B
$8.56M 2.85%
78,488
+32,620
+71% +$3.51M
VSS icon
11
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
$7.28M 2.42%
76,881
+26,008
+51% +$2.64M
VTEB icon
12
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.4B
$6.96M 2.31%
136,244
+1,961
+1% +$98.8K
VEA icon
13
Vanguard FTSE Developed Markets ETF
VEA
$237B
$6.59M 2.19%
177,725
-5,419
-3% -$215K
VBR icon
14
Vanguard Morningstar Small-Cap Value ETF
VBR
$36.8B
$5.43M 1.8%
47,572
+19,447
+69% +$2.46M
VWO icon
15
Vanguard FTSE Emerging Markets ETF
VWO
$127B
$4.64M 1.54%
121,916
+28,351
+30% +$1.1M
MCD icon
16
McDonald's
MCD
$179B
$3.75M 1.25%
21,124
-72
-0.3% -$12.8K
PPG icon
17
PPG Industries
PPG
$23.5B
$3.07M 1.02%
30,005
– –
IVE icon
18
iShares S&P 500 Value ETF
IVE
$49.8B
$3.05M 1.01%
30,146
-46
-0.2% -$5.03K
SHM icon
19
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
$2.15M 0.72%
44,850
-70,565
-61% -$3.37M
AAPL icon
20
Apple
AAPL
$4.85T
$2.1M 0.7%
53,348
-8
-0% -$388
BMTC
21
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.04M 0.68%
59,168
– –
IJS icon
22
iShares S&P Small-Cap 600 Value ETF
IJS
$8.13B
$1.98M 0.66%
30,034
+10,056
+50% +$746K
VNQI icon
23
Vanguard Global ex-US Real Estate ETF
VNQI
$3.4B
$1.87M 0.62%
35,631
+29,894
+521% +$1.61M
PFE icon
24
Pfizer
PFE
$158B
$1.78M 0.59%
43,058
-1,098
-2% -$45.6K
VBK icon
25
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.1B
$1.61M 0.54%
10,706
+4,325
+68% +$713K
1
2 3 4

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Independence Advisors's Q4 2018 Portfolio in Review

As of Q4 2018, Independence Advisors held 98 positions worth $301M, down 10% from $336M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Independence Advisors's Q4 2018 filing shows 5 new, 21 increased, 42 reduced and 10 closed positions. Its largest new stake was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K. The largest sale was iShares Short-Term National Muni Bond ETF, an estimated $4.66M.

By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 89% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Independence Advisors's largest Q4 2018 buy was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K.
  • Independence Advisors added most to iShares National Muni Bond ETF in Q4 2018, an estimated $3.51M increase.
  • Independence Advisors's biggest Q4 2018 reduction was iShares Short-Term National Muni Bond ETF, cutting an estimated $4.66M.
  • Independence Advisors fully exited TJX Companies in Q4 2018, selling an estimated $233K.
  • Independence Advisors's ten largest holdings make up 72% of its $301M portfolio in Q4 2018.
  • Independence Advisors opened 5 new positions and closed 10 in Q4 2018.
  • Independence Advisors's portfolio value fell 10% quarter-over-quarter to $301M.

Based on Independence Advisors's 13F filing for Q4 2018, filed 31 Jan 2019.